O โ€” Youth DevelopmentEIN: 381368336ยท Ruling Year: 1938

Good Will Farm Association

Houghton, Michigan

A-Health Score
79A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$2.1M
Total Revenue
๐Ÿ“Š
$2.3M
Total Expenses
๐Ÿฆ
$7.2M
Net Assets
๐Ÿ“‹
$288K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-8.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-8.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.10
Net assets divided by total expenses
Liabilities-to-Assets
3.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,148,634โ†“8%$2,327,015โ†‘14%$7,503,659โ†‘1%
2022$2,334,338โ†‘17%$2,043,586โ†‘12%$7,436,861โ†“6%
2021$2,002,394โ†“5%$1,832,035โ†‘10%$7,890,594โ†‘15%
2020$2,098,267โ†‘10%$1,658,086โ†‘4%$6,847,900โ†‘13%
2019$1,899,985โ†‘1%$1,591,432โ†‘2%$6,038,653โ†‘18%
2018$1,872,199โ†“7%$1,553,668โ†‘1%$5,099,650โ†“4%
2017$2,017,096โ†‘53%$1,535,692โ†‘39%$5,317,009โ†‘11%
2016$1,316,516โ†‘40%$1,105,776โ†‘4%$4,771,515โ†‘11%
2015$937,895โ†“52%$1,064,171โ†“12%$4,309,393โ†“8%
2014$1,948,063โ†‘29%$1,210,096โ†“16%$4,669,650โ†‘21%
2013$1,509,601โ†‘21%$1,443,482โ†‘10%$3,871,048โ†‘8%
2012$1,247,615โ†‘6%$1,310,027โ†‘11%$3,596,183โ†‘10%
2011$1,181,282$1,185,328$3,276,915

Frequently Asked Questions

What does Good Will Farm Association do?โ–ผ

Good Will Farm Association is a youth development nonprofit organization based in Michigan. It is classified under NTEE code O99 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Good Will Farm Association financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Good Will Farm Association has a score of 79/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Good Will Farm Association generate?โ–ผ

Good Will Farm Association reports $3.4M in annual revenue and holds $7.8M in total assets, based on IRS filings.

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Good Will Farm Association โ€” Houghton, MI | GiveScope